International Property Market Update

It has to be recognized that much of the under-reserving has not been appreciated by insurers and reinsurers, which will continue to place pressure on stock values, much of the World Trade Center losses have not yet been settled, and the Stock Market does not appear to be stabilizing. However what became clear during the past renewal season was that capacity is now returning. The paper concludes that though it is difficult to see what immediate impact, if any, hostilities Iraq might have on the international insurance markets, but reconstruction and associated projects will see considerable activity in coming years, which will contribute income, and risk, to the market.

Provided by: Willis Group Holdings Topic: Software Date Added: Apr 2003 Format: PDF

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